April 23, 2022
Proposed rule SR-NSCC-2022-003 is an obvious attempt for institutions to evade responsibility for their actions. They engage in questionable, possibly illegal, activities and should be held accountable for their poor management. If retail makes a poor investment, we lose. If institutions make a poor investment or mismanage their portfolio, they get a bail out. Sometimes retail makes a good investment, but is not rewarded due to questionable and/or illegal practices. This is a reference to the creation of synthetic shares. Proposed rule SR-NSCC-2022-003 would allow synthetic shares of synthetic shares. The market is corrupt enough as is. It's not only U.S. retail watching. The world is watching. If retail is not protected, this will likely expose the corrupt system in place, and will have negative impact on the market. Institutions must learn from their mistakes. No more synthetic shares, lies, and corruption. Retail already has little faith in the market, and this will impact the market in the future. For a better market and our future, this rule cannot be passed.